858 Vera Street
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858 Vera Street

Dbottom 20%

Solana Beach, CA 92075

$1,650,000
NEW — 0d

Pass at asking: -$9,312/mo full cashflow at 20% down, 7.43% rate.

Works at $437,459 (73% under asking); even all cash loses money at asking.

Rent $4,364/mo from 11 leases of 1–3 bed houses within 1 mi ($3,735–$5,427).

Beds

2

Baths

1

Sqft

768

Year Built

1961

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610062

This property is in Solana Beach (92075). View neighborhood stats →

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About This Property

Opportunities like this, rich with potential are rarely available west of I-5 in Solana Beach. Situated at 858 Vera St., this property is a true coastal standout, offering a premier opportunity to reimagine the existing structure or start entirely fresh with a brand new vision. It's the kind of project builders, investors and developers look for when they want to create something special in a high-demand coastal neighborhood. The location is everything. This neighborhood is known for is rich character and deep rooted history, offering a lifestyle centered on convenience, connection and easy access to everything. You're just moments from Fletcher Cove Beach, Cedros Design District, Solana Beach Train Station, The Del Mar Race Track & Fairgrounds, and La Colonia Park. Everything that makes Solana Beach iconic. With convenient access to the I-5 freeway, the best of San Diego is alway within easy reach. Bring your vision to this hidden gem. This isn't just a piece of real estate; it's a chance to build your coastal dream in one of the most vibrant and sought-after pockets of San Diego. This property is being sold by the successor trustee. This sale is subject to the property being actively listed on the Multiple Listing Service for at least fourteen (14) consecutive days and to either the approval of all beneficiaries of the Trust or confirmation by the San Diego County Superior Court. The home is being sold in current condition and seller will make no repairs.

Mortgage Calculator

Est. Monthly Payment

$11,298

Principal & Interest$9,166
Property Tax$1,650
Insurance$481
%($330,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Solana Vista Elementary · grades K-3 · Solana Beach Elementary

  • Middle

    Earl Warren Middle · grades 7-8 · San Dieguito Union High

  • High

    Torrey Pines High · grades 9-12 · San Dieguito Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

1D
Est. Monthly Rent
$4,364

11 leases of 1–3 bed houses within 1 mi · $3,735–$5,427

Monthly Cashflow

Rent − PITIA

-$6,933
Full Cashflow

Incl. vacancy, PM, maint, capex

-$9,312

What would make this work?

$9,312/mo short at 20% down; +$12,094/mo rent closes it.

Break-even price

73% under asking

$437,459
Break-even rent

$12,094/mo above the estimate

$16,458/mo
Cashflow at 35% down
−$7,593/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$9,166
Cap Rate
0.05%
Cash-on-Cash
-33.86%
DSCR

Need ≥ 1.25 for DSCR loan

0.39

NOI (Annual)
$870
Price-to-Rent

Lower = better for investors

31.5

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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DCashflow−$9,312/mo